TarekGadallah

TarekGadallah

Accumulation phase highlight Shark 32 on weekly chart Breaking 5.45 L.E will lead to 6 L.E

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After Few years of side movement The Stock Now in accumulation phase On Weekly chart "Shark 32" was constructed between 2.67 & 3.1 L.E Breaking 3.12 L.E will lead to 3.56 L.E and 4.4 L.E Breaking 4.5 L.E will lead to 7.9 L.E based on second Entry. On the other hand , Breaking 2.67L.E will lead to 2.2 L.E

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Shark 32 completed at the end of last week Breaking 4.19 L.E will lead to 4.96 L.E On the other hand breaking 3.44 L.E confirm Exit sign

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Target 3.8 L.E

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Breaking 1.55 L.E will pave the way for short term uptrend to 1.7 L.E On the other hand breaking 1.296 L.E will lead to 0.8 L.E

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MENA after witness strong down trend , face accumulation phase A short term uptrend confirmed by breaking 4.19 L.E The Target will be about 5 L.E

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As Most of outperforming stocks that face critical trading region Breaking 0.536 L.E will lead to 0.3 L.E Breaking 0.77 will lead to 0.9 L.E

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Today CIB start its final phase in its correction towards 53 L.E approximately After that I expect strong rebound support EGX 30 to retest 11100 Point

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If the shown flag break down (True break for 1.588 L.E) , the stock will retest the previous covid 19 low This not mean the stock will reach the previous bottom exactly , The stock can react like "Abuk" This only valid if the flag pattern break down Breaking up is also probable with lower possibility

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During the last two weeks a noticeable change in behavior for CCAP This start by about 20% rally uptrend , followed by accumulation in form of uncompleted Flag pattern Completing the Flag pattern lead to the shown probable target.

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SWDY break medium term trend , this is the first bullish sign since few months